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Move Stock Gaps Down On Today's Open (MOVE)

NEW YORK (
TheStreet) -- Shares of
Move (Nasdaq:
MOVE) were gapping down Monday morning with an open price 34.3% lower than Friday's closing price. The stock closed at $6.16 Friday and opened today's trading at $4.05.

The average volume for Move has been 1.4 million shares per day over the past 30 days. Move has a market cap of $237.7 million and is part of the
technology sector and
internet industry. Shares are down 40.1% year to date as of the close of trading on Friday.

Move, Inc., together with its subsidiaries, operates an online network of Websites for real estate search, finance, and moving and home enthusiasts in North America. The company has a P/E ratio of 154, equal to the average internet industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Move as a
hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full
Move Ratings Report.